‘I love my son, but he is not careful with money.’ I’m retired and want to help my son. Should I buy him a home — and ask him to sign a promissory note?
Farrell Fritz Partner Neil V. Carbone was quoted in a recent MarketWatch Moneyist column discussing what to consider when buying…
February 22, 2023
My mother excluded me from her will — before she died, my sibling cashed out her annuity policy, on which I was a beneficiary. Should I sue my family?
Farrell Fritz Partner Neil V. Carbone was quoted in a recent MarketWatch Moneyist column regarding a potential estate dispute. The…
January 24, 2023
The Six Best Ways to Give to Charity (And Cut Your Tax Bill)
Partner Neil Carbone was quoted in a recent Kiplinger publication. The article explores how charitable donations can be tax efficient. Carbone weighs in…
October 12, 2022
My three siblings and I inherited our father’s home, but the upkeep and taxes are too high. How can I get rid of this property without angering my family?
“In some states, the owner who wants out can sell his or her interest to a third party, usually a…
October 03, 2022
‘My aunt has become forgetful’: Her will leaves $1.2 million to three nuns and a friend who cares more about her inheritance than my aunt. What can I do?
The will and the trust agreement will outline how the gift of the house was made to the four beneficiaries,…
September 14, 2022
Anne Heche’s Son Seeks Control of Her Estate
Homer Laffoon, 20, son of actress Anne Heche, who passed away last month after a fiery car crash in Los…
September 08, 2022
‘All kinds of stories and explanations are popping up’: My brother moved in with our mother after our father died in 2015, and transferred family property into his name
There’s a gray line between the skulduggery of an opportunistic child and coercive control. The latter typically involves isolating the…
May 17, 2022
‘We’re concerned this woman may persuade him to leave his house to her’: My father, 85, moved in with a female friend. Can I declare his home abandoned?
Your father’s home belongs to him and him alone, and he is under no obligation to put the house in…
March 25, 2022
‘She was granted power of attorney, but she is abusing that power’: My sister is taking complete control over my 94-year-old mother —and even changed her will
“Like most states, Florida law allows a person to bring a petition for the appointment of a guardian,” says Neil…
March 18, 2022
My daughters will inherit our $2 million estate, but one child struggles with depression, and only works occasionally. How do we protect her after we’re gone?
“Among the benefits of having a corporate trustee are that their fees often include services that individuals will pay other…
February 10, 2022
My brother-in-law is executor of my late father’s $9 million estate and refuses to give us a full accounting. What can we do?
“The executor will have to report all assets collected; all taxes, debts and expenses paid out of estate funds; all…
January 12, 2022
Gifts Of Equity Can Produce Unexpected Tax Pitfalls
Tax issues, said Neil V. Carbone, partner at Farrell Fritz, P.C., in New York, include gift tax and income tax. A sale…
January 10, 2022
6 of the Best Assets to Inherit
Over the next 30 years, there will be a massive transfer of wealth from one generation to the next, a…
December 13, 2021
‘I trust no one!’ My fiancé wants my share of our home if I die, but I have a disabled adult son. Is this the kind of man I should marry?
If you do go ahead with the wedding? Seriously consider a prenuptial agreement. In the absence of such an agreement,…
December 06, 2021
My father desperately begged me, ‘Son, get a lawyer. That woman is going to take away your inheritance!’ My stepmother kept $1 million after he died
I’m sorry you went through this, and that you lost an inheritance your late father had intended for you. He…
December 03, 2021
Estate Taxes Could Ensnare Trusts Favored By Wealthy
Two current tax proposals target key points of most wealthy clients’ estate plans. One’s getting all the headlines, but the…
October 26, 2021
Time To Change Your Estate Plan – Again
The revenue portion of the Build Back Better Act (BBB) that is moving along dramatically changes the landscape for transfer…
September 27, 2021
Cuomo Trust Likely Protects $1M From Lawsuit Damages
Douglas and other attorneys spoke to Law360 Pulse about the enforceability of Cuomo’s $1 million trust in general terms without…
September 24, 2021
5 of the Worst Assets to Inherit
Over the next 30 years, Americans will transfer trillions in wealth from one generation to the next. The median inheritance…
September 14, 2021